If FY NPAT is US$2700M or FX of 0.72 = AU$3750M, payout ratio between 50% to 80%, then we have FY dividend of:
1. 50%: 3750M / 3079M shares x 0.5 = A61c
2. 80%: 3750M / 3079M shares x 0.8 = A97c
We already have 30c in the HY, therefore FY dividend is between 31c and 67c.
If we are NET DEBT FREE by September I think FMG management will pay out a BIG FAT dividend then.
DYOR
Frank
Iron ore price, page-10812
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Last
$17.27 |
Change
0.450(2.68%) |
Mkt cap ! $53.06B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.34 | $17.16 | $131.3M | 6.885M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 8820 | $17.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.27 | 7132 | 12 |
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| FMG (ASX) Chart |